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The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by
The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. Answer is not complete. PLANTA COMPANY Work Sheet Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity No. Account Title Cr. Dr. Cr. Cr. 101 Cash Dr. $ 7,000 27,200 42,000 Dr. $ 7,000 27,200 42,000 106 Accounts receivable 153 154 $ 17,500 $ 17,500 183 32,000 32,000 201 209 233 Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned fees F. Planta, Capital F. Planta, Withdrawals Plumbing fees earned Depreciation expense Trucks Salaries expense Rent expense Miscellaneous expenses 15,000 4,200 3,600 65,500 15,000 4,200 3,600 65,500 301 302 15,400 15,400 401 84,000 $ 84,000 611 $ 622 6,500 38,000 13,000 8,700 6,500 38,000 13.000 8,700 640 677 Totals $ 189,800 189,800 66,200 84,000 123,600 105,800 Net income Totals 17.800 $ 84,000 $ 84,000 $ 123,600 $ 105,800
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